Category: Seven Star

lipped from: https://www.financialexpress.com/money/income-tax-itr-filing-excel-utilities-for-itr-1-itr-4-released-check-if-you-can-use-them-to-file-income-tax-return-3862422/ Taxpayers can download these utilities, fill in their income details offline, validate the information, and then generate a JSON file. The Income Tax Department has

Clipped from: https://www.business-standard.com/finance/personal-finance/it-s-time-to-get-form-16-from-your-employer-and-what-to-do-if-it-s-missing-125052900982_1.html Form 16 summarises salary paid and tax deducted at source in a financial year; it’s needed to file returns Form 16. Photo: Shutterstock

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/salaried-taxpayers-alert-you-cant-claim-lta-under-new-tax-regime-check-details-478086-2025-05-28 The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for

Clipped from: https://www.taxscan.in/confused-about-which-itr-form-to-file-for-ay-heres-your-complete-guide/522283/ Filing your Income Tax Return (ITR) for the Assessment Year (AY) 2025–26, corresponding to the Financial Year (FY) 2024–25, requires careful selection of

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/filed-wrong-itr-missed-appeal-window-heres-how-one-mistake-cost-a-taxpayer-rs-15-lakh-477937-2025-05-27 Filing your ITR without understanding key provisions can cost you dearly. A salaried taxpayer in Mumbai learned this the hard way after missing

New Income Tax Slabs and Rates for FY 2025-26 (AY 2026-27) https://www.bajajfinserv.in/investments/income-tax-slabs New Income Tax Slabs and Rates for FY 2025-26 (AY 2026-27): Up to

lipped from: https://www.bajajfinserv.in/investments/long-term-capital-gain-tax-on-property Long-term capital gains (LTCG) on property held for over 24 months are taxed at either 12.5% without indexation or 20% with indexation, depending

Clipped from: https://www.financialexpress.com/money/itr-hacks-for-senior-citizens-dont-miss-these-tax-benefits-available-for-pensioners-in-2025-3857557/ In this story, we will discuss about the various tax benefits available for senior citizens those availing retirement benefits like commuted pension, gratuity,

Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-untenable-mandatory-requirement-149-1-b-complied.html Novo Nordisk India Private Limited Vs DCIT (Karnataka High Court) Karnataka High Court held that assumption of jurisdiction under section 147 of the

Clipped from: https://www.taxscan.in/reassessment-proceedings-initiated-without-documentary-evidence-and-based-on-borrowed-satisfaction-itat-quashes-proceedings/521001/ The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),quashed reassessment proceedings initiated without any documentary evidence and based solely on borrowed satisfaction. The Revenue-appellant appealed

Clipped from: https://www.taxscan.in/cpc-cannot-continue-to-rectify-and-re-rectify-intimation-u-s-1431a-of-income-tax-act-repeatedly-delhi-hc/520944/ The repeated use of rectification powers, without due consideration of earlier corrective actions, was deemed improper. This aspect was not considered by the

Clipped from: https://taxguru.in/income-tax/reassessment-order-set-passed-disposal-objections-karnataka-hc.html Hewlett Packard Financial Services (India) Pvt Ltd Vs DCIT (Karnataka High Court) Karnataka High Court held that reassessment order under section 148 of

Clipped from: https://taxguru.in/income-tax/reopening-u-s-148-4-years-quashed-material-facts-fully-disclosed-itat-raipur.html Pradeep Kumar Agrawal Vs ITO (ITAT Raipur) ITAT Raipur held that reopening of proceedings under section 148 of the Income Tax Act beyond